Factors influencing the participation of Vietnamese enterprises in global value chains: insights from automobile production and assembly, electronics, and textile industries

Tóm tắt

This study aims to examine the factors influencing the global value chain position of enterprises from Vietnam’s leading industry sectors. The panel data analysis was conducted based on 208 observations from 52 automobile production and assembly, electronics, and textile enterprises from 2016 to 2020. The multiple linear regression model was utilized to analyze the factors influencing the participation of such industry sectors in the global value chain. The results indicate that technological capability has the most significant positive influence on the participation of Vietnamese enterprises in the global value chain, followed by FDI and business size. In contrast, business age does not have a discernible effect. These findings bring some policy implications for improving the country’s position in the global value chain, focusing on the automotive, electronics, and textile industries.